New Mexico Community Foundations

First, what is a community foundation anyway?

Community foundations are instruments of civil society designed to pool donations into a coordinated investment and grant making facility dedicated primarily to the social improvement of a given place.

Families, individuals, businesses, and nonprofit groups establish funds within community foundations into which they can contribute a variety of assets to be used for charitable purposes. The people or organizations that establish the funds can then recommend that grants be distributed, in the name of the fund or anonymously, to qualified nonprofit groups and schools. The donor receives a charitable deduction in the year that gifts are made into their funds.

The assets of community foundations are pooled and invested, with donors typically having a choice of investment products.

The funds established at community foundations can be expendable funds (i.e., grants can be made in any amount at any time) or they can be endowments, which limit distributions to the interest earned on the assets. Endowments last in perpetuity.

The first community foundation was set up in Cleveland in 1914 by Frederick Goff and operating now as the Cleveland Foundation. Others soon followed including the California Community Foundation and the Chicago Community Trust.

Community foundations are now a global phenomenon. There are at least 700 in the United States and perhaps 1000 more around the world with numbers
growing rapidly.

The above definition is from Wikipedia, the free encyclopedia
Source: http://en.wikipedia.org/wiki/Community_foundation

The following is a list of community foundations in New Mexico:

Albuquerque Community Foundation
Contact: R. Randall Royster, Esq., Executive Director
P.O. Box 36960
3301 Menaul Blvd. NE, Suite 2
Albuquerque, NM 87176-6960
Phone: (505) 883-6240     Fax: (505) 883-3629
Email: rroyster@albuquerquefoundation.org
Website:  http://www.albuquerquefoundation.org/

Carlsbad Foundation
Contact: James Harrison, Executive Director
116 S. Canyon
Carlsbad, NM 88220-5733
Phone: (505) 887-1131

Community Foundation of Chaves County
Contact: Susie Russell, Executive Director
PO Box 3167
Roswell, NM 88202
Phone: (505) 622-8900

Lea County Charitable Foundation
P.O. Drawer 220
Hobbs, NM 88241-0220

McKinley County Community Development Foundation
Contact: Gloria Skeet De Cruz
200 College Road
Gallup, NM 87301
Phone: (505) 863-7740     Fax: (505) 863-7681

New Mexico Community Foundation
Contact: Robert H. Stark, Executive Director
343 East Alameda
Santa Fe, NM 87501-2229
Phone: (505) 820-6860     Fax: (505) 820-7860
Website: http://www.nmcf.org/

The Santa Fe Community Foundation
Contact: Billie Blair, President
P.O. Box 1827
Santa Fe, NM 87504-1827
Phone: (505) 988-9715     Fax: (505) 988-1829
Website: http://www.santafecf.org/

Community Foundation and Healthcare Foundation of Southern New Mexico
Contact: Stephanie Johnson-Burick, Executive Director
301 S. Church Street, Suite H
Las Cruces, NM 88001-3568
Phone: (505) 521-4794     Fax: (505)521-7325
Website: http://www.cfsnm.org/

Taos Community Foundation, Inc.
Contact: Elizabeth Crittenden Palacios , Foundation Director
P.O. Box 1925
Taos, NM 87571-1925
Phone: (505) 737-9300     Fax: (505)751-7130
Website: http://www.taoscf.org/